Signaturefd LLC raised its position in shares of Bunge Global SA (NYSE:BG – Free Report) by 4,386.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,338 shares of the basic materials company’s stock after acquiring an additional 58,993 shares during the period. Signaturefd LLC’s holdings in Bunge Global were worth $6,332,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in BG. MLG Wealth Management DBA Pine Grove Financial Group acquired a new position in Bunge Global in the 2nd quarter valued at $1,116,000. NewEdge Advisors LLC increased its position in Bunge Global by 4,973.8% during the 1st quarter. NewEdge Advisors LLC now owns 42,468 shares of the basic materials company’s stock worth $5,402,000 after buying an additional 41,631 shares during the period. National Pension Service increased its position in Bunge Global by 267.7% during the 2nd quarter. National Pension Service now owns 31,461 shares of the basic materials company’s stock worth $3,358,000 after buying an additional 22,904 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of Bunge Global by 49,582.8% during the third quarter. TD Waterhouse Canada Inc. now owns 193,763 shares of the basic materials company’s stock worth $19,654,000 after buying an additional 193,373 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its holdings in shares of Bunge Global by 1,220.7% during the third quarter. NorthCrest Asset Manangement LLC now owns 155,733 shares of the basic materials company’s stock worth $16,676,000 after buying an additional 143,941 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on BG shares. JPMorgan Chase & Co. reduced their target price on shares of Bunge Global from $140.00 to $139.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Zacks Research lowered shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. UBS Group lifted their price objective on shares of Bunge Global from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $150.00 price objective on shares of Bunge Global in a research note on Thursday, August 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, August 19th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.89.
Check Out Our Latest Stock Analysis on Bunge Global
Bunge Global Price Performance
Bunge Global stock opened at $103.16 on Friday. The stock’s fifty day moving average price is $112.29 and its two-hundred day moving average price is $116.70. Bunge Global SA has a one year low of $88.24 and a one year high of $134.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 0.64. The firm has a market cap of $19.82 billion, a PE ratio of 20.03 and a beta of 0.73.
Bunge Global (NYSE:BG – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.03. The firm had revenue of $24.04 billion during the quarter, compared to analysts’ expectations of $22.81 billion. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%. The company’s quarterly revenue was up 88.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.31 EPS. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. As a group, research analysts expect that Bunge Global SA will post 9.61 EPS for the current fiscal year.
Insider Activity at Bunge Global
In related news, Director Christopher Mahoney purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average price of $105.53 per share, for a total transaction of $527,650.00. Following the completion of the transaction, the director owned 13,320 shares of the company’s stock, valued at approximately $1,405,659.60. This trade represents a 60.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.60% of the company’s stock.
About Bunge Global
Bunge Global SA (NYSE: BG) is a global agribusiness and food company involved in sourcing, processing and distributing agricultural commodities. Its operations span the agricultural supply chain, connecting farmers with food, feed and fuel customers through a network of origination, storage, transportation and processing facilities.
The company processes oilseeds such as soybeans, canola and sunflower seeds into vegetable oils and protein meals used in cooking, packaged foods, animal feed and renewable fuels.
Featured Stories
- Five stocks we like better than Bunge Global
- Bloom Energy Just Reported—Its Biggest Order Is Still Waiting on a Pipeline
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Global SA (NYSE:BG – Free Report).
Receive News & Ratings for Bunge Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge Global and related companies with MarketBeat.com's FREE daily email newsletter.
